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WeddingWire deal another sign of growth equity influx

09/25/2012

WeddingWire is the latest D.C. tech company to take a big lump of growth equity cash from an outside investor.
This quarter has been huge for the growth category, a phenomenon mostly driven by out-of-market private equity firms finding funding targets in this region.

This quarter has been huge for the growth category, a phenomenon mostly driven by out-of-market private equity firms finding funding targets in this region. WeddingWire’s $25 million financing from Boston-based Spectrum Equity follows a $136 million investment in Vienna-based Alarm.com from Technology Crossover Ventures and a $50 million investment in Columbia-based Tenable Network Security Inc. by Accel Partners. In July, Silver Spring-based Sonatype Inc. said it had pulled in $25 million in a round led by New Enterprise Associates.